A single $21000 return on a $70000 investment would be a great deal (in a one or so year period). If the $70K buys into more than one home, returning even more, all the better. Of course you have to factor in risk when deciding, and there are many aspects that I would look at before putting money into the deal.
Is this in the DC Metro area, where you can keep your eye on it?
If I was going to invest in this, I would be interested in:
--Capital required
--Timeframe--how long will my money be tied up
--Return on investment
--Is the investment secured by real estate and if so, at what LTV
--Type and location of property
--Pedigree of the developer (experience, etc.)
--Status of the development (permitting, other building in progress)
--What YOUR contribution to the deal is.
Get some education, a "Good Deal" is in the eye of the beholder.
I picked these areas because I reside around these areas. Where would you find motivated sellers for residental and commerical real estate
A single $21000 return on a $70000 investment would be a great deal (in a one or so year period). If the $70K buys into more than one home, returning even more, all the better. Of course you have to factor in risk when deciding, and there are many aspects that I would look at before putting money into the deal.
Is this in the DC Metro area, where you can keep your eye on it?
If I was going to invest in this, I would be interested in:
--Capital required
--Timeframe--how long will my money be tied up
--Return on investment
--Is the investment secured by real estate and if so, at what LTV
--Type and location of property
--Pedigree of the developer (experience, etc.)
--Status of the development (permitting, other building in progress)
--What YOUR contribution to the deal is.
Thank you for the reply, I will put it to action and see what comes out of it. Do you invest in commercial buildings?